Tanzania: Solo Oil Actively Assessing New Opportunities

Solo Oil has told investors that it continues to actively assess new investment opportunities in Africa and elsewhere. The company, currently approaching key milestones in Tanzania, in its interim results statement, said the prolonged period of depressed commodity prices is offering opportunities for selective and careful investment. And Solo says it will make investments in suitable ventures as and when it is appropriate. In Tanzania the 6.5% owned Kiliwani North project,.... Read more »

Posted on : Wednesday , 30th September 2015

Tanzania: Shanta Gold lays out five year plan for New Luika

An underground extension to Shanta Gold’s New Luika mine will produce 310,000 ounces and add US$72mln to the value of the project, a new study has concluded. A new mine plan to include underground mining as well as the ongoing surface mining and tailings recovery project envisages enough high grade reserves to maintain average production at 84,000 oz annually over the next five years. Over the period 2016-2022 New Luika, in Tanzania, will produce 443,000 oz in total,.... Read more »

Posted on : Wednesday , 30th September 2015

African Potash signs supply deal with Zambia distributor

Shares in African Potash (LON:AFPO) jumped Friday after the miner announced it has sealed a deal to sell 50,000 metric tonnes (MT) of its fertilizer product to a Zambian distributor in the Common Market for Eastern and Southern Africa (COMESA) for $500 a tonne. The stock was up 2.5% at 3.625p in early trading, a fresh 12-month high, and traded around 2.9p mid-afternoon in London on the news. This is the third supply deal the sub-Sahara focused company, which wants to become a.... Read more »

Posted on : Wednesday , 30th September 2015

Maintenance of public roads in Uganda to cost US$ 26m

The government of Uganda has announced that it was embarking on a road maintenance programme to boost transport. Public roads in Uganda according to the government need a face lift. The maintenance of public roads in Uganda will cost a whopping US$ 26m. Michael Odongo, the executive director of the Uganda Road Fund confirmed the reports and urged the Government to play their oversight role over the money. “I provide this information to you in respect of your mandate as.... Read more »

Posted on : Wednesday , 30th September 2015

Amplats unveils constructed cogeneration power plant in South Africa

Anglo American Platinum (Amplats) recently unveiled its 5MW cogeneration power plant in South Africa worth US $10.63m located at its Waterval Smelting Complex in Rustenburg. The cogeneration power plant in South Africa was commissioned by project developer Vuselela Energy and Equity provider H1 holdings and it would help capture waste heat from Amplat’s conversion plant which was already generating 3.2MW of power. According to the Executive Head of Process for Amplats,.... Read more »

Posted on : Wednesday , 30th September 2015

Infrastructure construction in Egypt to get boost from World Bank

Infrastructure construction in Egypt is set to improve as the World Bank head Jim Yong Kim expressed his support in various ongoing and upcoming projects. In a meeting with Egyptian president Abdel-Fattah El-Sisi over the weekend in New York the World Bank boss said Egypt has a great potential in terms of development and it deserves more support. According to the president in a statement they both agreed that the country need more reforms so that they can achieve the needed.... Read more »

Posted on : Tuesday , 29th September 2015

Construction of Zambia, Tanzania, and Kenya power interconnector in Progress

Construction work has begun on different sections of the sites identified for power lines for the Zambia, Tanzania, and Kenya power interconnector. In a recent meeting of energy held in Arusha, Tanzania, for permanent secretaries, senior officials and experts form Zambia, Tanzania and Kenya, it was indicated that outstanding progress had been made on the interconnector. Power Pylons, Substations and cabling had already been constructed. Upon completion of construction of the.... Read more »

Posted on : Tuesday , 29th September 2015

Mega International airport in Ethiopia to be constructed

Plans are underway for  the construction of a mega International airport in Ethiopia, the Ethiopian Airports Enterprise has announced. The Ethiopian Minister of Transport, Workneh Gebeyehu confirmed the reports and said that Ethiopia is to break the ground for a new mega hub airport in the vicinity of Addis Ababa. “The new mega hub will move the aviation industry in Ethiopia to a higher level. It will make Addis Ababa the aviation hub of Africa. The new airport will.... Read more »

Posted on : Tuesday , 29th September 2015

Sierra Cables PLC to construct cable manufacturing factory in Kenya

Sierra Cables PLC is set to construct a cable manufacturing factory in Kenya in a bid to cater for increasing power generation projects in East Africa. The Sri Lankan company  announced that it will partner with a Kenyan strategic partner to construct the cable manufacturing factory in Kenya. Sierra Cables PLC settled on this construction project after completing a feasibility study on developing a cable manufacturing plant in Nairobi. The entry of the cable manufacturing.... Read more »

Posted on : Tuesday , 29th September 2015

East Africa: Eaton Roots for Storage of Power Generated From Renewable Sources

Power management firm Eaton is calling for adoption and use of renewable energy storage technologies in Africa as uptake of alternative energy and power rises in the continent. During the recent East Africa Power Industry Convention (EAPIC) in Nairobi, Louis Shaffer, Eaton's Distributed Energy Segment Manager for Europe, Middle East and Africa Region noted that renewable energy was a major theme at the 3-day event. EAPIC is an annual industry event for the power and utility.... Read more »

Posted on : Tuesday , 29th September 2015

Kenya: Firms in Rush to Obey Energy Audit Directive

Industries and large institutions are in a race to comply with a directive to carry out energy audits ahead of today's statutory deadline. The Energy Management Regulations 2012 published by the Energy Regulatory Commission require consumers of more than 180,000 units of electricity per year to carry out audits every three years. They target saving of at least 30 per cent per institution within the three years to reduce electricity expenses, especially for industries, which will.... Read more »

Posted on : Tuesday , 29th September 2015

East Africa: Gas for Electricity

In a move to end power outages, Tanzania Electric Supply Company (Tanesco) is switching from hydroelectric power and diesel to gas for electricity generation for power generation. This is being achieved through a government investment of Tsh2.5 trillion ($1.25 billion). The funding is part of Tsh8 trillion ($4 billion) to be spent on power generation projects. Key targets are big investment ventures including industries, tourist hotels and homes. According to Tanesco managing.... Read more »

Posted on : Tuesday , 29th September 2015